The average price of homes sold in Arkansas has decreased over the past year.

A recent report by the Arkansas Realtors Association (ARA) showed a 0.83 percent drop in average price per new and existing residential unit sold since May 2013. The average statewide price was $160,450 — a $1,344 decrease over the past year.

The ARA reported a 20 percent decrease in the average price per unit sold in Pope County. In May 2014, the average price was $104,142 — $26,409 cheaper than in May 2013.

Year-to-date totals also showed a 20 percent decrease in the average price in Pope County — $101,264 thus far in 2014 compared to $126,716 by this time in 2013.

The number of units sold has increased almost 6 percent statewide, but the rate has dropped in Pope County.

According to the ARA report, 2,666 units were sold statewide this May — 145 units more than May 2013.

The number of units sold in Pope County was 76, four units lower than recorded in May 2013.

Year-to-date totals also recorded four fewer units, at 316 in 2014 compared to 320 in 2013.

Statewide, Pulaski County recorded the highest average price, $204,372, and the most units sold, 483, in May. Benton County followed with an average price of $185,325 and 440 units sold.